Finance Law 2018
The main innovations introduced by the Finance Law 2018 for management provided by Law No. 66/2017 of 18 December 2017
En matière d'impôt sur les sociétés et d'IRPPIn the Matter of Corporate Tax and Personal Income Tax
- Support measures for SMEs
- Submission of insurance mutuals to corporate tax
- Increase in the advance payment on tax due during the importation of consumable products from 10% to 15% for the years 2018 and 2019
- Increase in the withholding tax rate from 5% to 10% on distributed dividends
- Establishment of an exceptional tax for the benefit of the state budget for the years 2018 and 2019
- Establishment of a social solidarity contribution
- Granting of a tax reduction to state officials, public entities, and public administrative enterprises during 2018
- Expansion of the scope of the 35% corporate tax rate
- Increase in family deductions
- Revision of the flat-rate tax regime for individuals
- Encouragement of long- and medium-term savings
- Establishment of a lodging tax in tourist establishments
- Increase in withholding tax on interest from loans paid to banks not established in Tunisia from 5% to 10%
- Exemption of income from games of chance organized by public enterprises
In the Matter of VAT, Customs Duties, and TCL
- Suspension of the consumption tax on the import of vehicles in the tourism sector
- New tariff classifications for managing the trade balance deficit
- Revision of VAT rates
- Revision of consumption duties
- Exceptional pricing for a list of imported products of Turkish origin
- Continuation of the expansion of the scope of VAT
- Establishment of a tax on the export of used vegetable oils at 1,000 dinars per ton
- Strengthening the resources of the fund for promoting packaged olive oil
- Rationalization of the monitoring of tax benefits related to VAT
In the Matter of Registration and Stamp Duty
- Clarification of the tax regime regarding registration rights for agreements with counterparts similar to markets and concessions
- Rationalization of tax benefits related to donations of real estate and business assets between ascendants, descendants, and spouses
- Revision of fixed registration and stamp duty rates
- Update of the unique tax on insurance
In the Matter of Encouragement for Investment
- Encouragement of business creation
- Encouragement of the recruitment of graduates from higher education
- Unification of the tax regime for companies established in regional development zones
- Rationalization of the benefits of tax incentives related to capital subscriptions
- Simplification of the conditions for benefiting from tax incentives related to financial reinvestments
Other Provisions
- Creation of a compensation fund for agricultural damage caused by weather events
- Strengthening the resources of the fund for promoting the competitiveness of agriculture and fishing
- Obligation for participants in public markets, tenders, and public-private partnerships to submit overdue declarations at least 20 days before the deadline for receiving offers
- Procedures for combating smuggling
- Establishment of a general authority for taxation, public accounting, and revenue collection
- Providing more flexibility in the disposal of seized goods
- Support for Tunisian businesses in the print media sector